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CSPAN
Dec 4, 2012 7:00am EST
to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "the washington post" on what is inside this deal -- we want to get your take on this. what do you think? ted in new york, a democratic caller. what do you think? caller: good morning. i do not think it goes far enough. i think it was greenspan that i heard last week said in a discussion panel that a recession as a result of going over the fiscal slope would be a small price to pay to pay back all the
FOX Business
Nov 29, 2012 11:00am EST
and protect the middle class from the fiscal cliff. without spending cuts and entitlement reform, it will be impossible to address our countries debt crisis and get our economy going again and create jobs. right now, all eyes are on the white house. our country does not need a victory lap, it needs leadership. it is time for the president and congressional democrats to tell the american people what spending cuts they are really going to make. with that, i will take a few questions. [inaudible question] >> we have outlined very specific proposals that we passed in last year's budget and the budget before. we know what the venue is. what we do not know is what the white house is willing to do to get serious about solving our debt crisis. [inaudible question] >> i am not going to get into the details. it is very clear what kind of spending cuts need to occur. we have no idea what the white house is willing to do. [inaudible question] >> no, no, no. stop. i have to tell you, i am disappointed in where we are. i am disappointed in what has happened over the last couple weeks. with the
FOX News
Nov 29, 2012 8:00am PST
the fiscal cliff. but without spending cuts an entitlement reforms it will be impossible to address our country's debt ace crisis and get our economy growing again and create jobs. right now all eyes are on the white house. our country doesn't need a victory lap, it needs leadership. it is time for the president, congressional democrats, to tell the american people what spending cuts they're really willing to make. with that i will take a few questions. >> speaker boehner, why would you not tell democrats what spending cuts you would like to see -- [inaudible] >> it has been very clear over the last year-and-a-half. i've talked to the president about many of them. you can look at our budget. where we outline very specific proposals that we passed in last year's budget and the budget from the year before. we know what the menu is. what we don't know is what the white house is willing to do to get serious about solving our debt crisis. >> [inaudible]. >> listen, i'm not going to get into the details but it is very clear what kind of spending cuts need to occur but we have no idea what the
MSNBC
Nov 30, 2012 12:00am PST
and where a deal on the fiscal cliff stands. and former health insurance executive wendell potter on what obama's proposed $340 billion in medicare cuts will mean for seniors. >>> vice president joe biden stumps for the middle class at a retail store that treats its workers right. i'll talk costco and fiscal cliff with steve greenhouse of "the new york times." >>> plus hostess executives tank their company and cost the people their jobs. so why are they still demanding millions of dollars in bonuses? >>> and we'll tell you how senator john mccain fits in with congressman louie gohmert's latest conspiracy theory. >> this administration sent planes and bombs and support to oust gadhafi so al qaeda and the muslim brotherhood could take over libya. >>> good to have you with us tonight, folks. republicans are walking tall in public but hanging their heads behind closed doors. john boehner struck a defiant tone during a news conference today. he blamed the president and democrats for stalling negotiations on a debt deal. >> despite the claims that the president supports a balanced approach, the
CNN
Dec 6, 2012 6:00am PST
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CSPAN
Dec 6, 2012 5:00pm EST
and over again. that is the model for this fiscal cliff discussion, making both the cuts and the reforms that are real and credible and politically difficult to reverse. that is the only signal we can send. it is the right signal to send to investors that we're serious about getting our financial house in order. german, thank you. this is your last committee meeting -- chairman, thank you. this is your last committee meeting and you will be missed. >>: back to the analogy of the avalanche, a -- going back to the analogy of the avalanche, when we had the subprime crisis, and there was no warning. likewise, we did have the same type of avalanche come tomorrow. there is no more confidence, nobody buys are debt. we would have increased interest rates and huge economic problem. we have two things in front of the spread not only the fiscal slope, but also the debt ceiling. treasury estimates at the end -- we have until the end of february. in solving it, would be better to put the debt ceiling in the package with the fiscal slope for a comprehensive solution? or would it be better to do them s
FOX News
Nov 30, 2012 10:00am PST
ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the position to get rid of it. what on earth would make them think that republicans would agree to that? >> because the president thinks he has a mandate from the whole country. he thinks he can get anything he wants. i am sure that alan colmes loves this idea. here are the problems. the congress has the authority to authorize the debt. they also have the authority to authorize the bill that pays the debt. so now the president wants to take that away. this guy has shown a tendency to say that i don't need congress. i can pass laws with a stroke of a pen on executive orders. he doesn't need the supreme court because he declares laws unconstitutional, like doma. he says he wants an unlimited credit card, and you all will have
MSNBC
Dec 5, 2012 12:00pm PST
bank. your money needs an ally. >>> fiscal cliff, the thing we are trying to avoid, had $1.2 trillion in cuts but half are to defense. this has $1.2 trillion in cuts but they're just saying make the whole thing cuts to entitlements in domestic spending and not cut defense at all? trying to entice the democrats saying, i don't want you to fall off this cliff so why don't you voluntarily jump off this steeper cliff but don't worry, your fall will be cushioned by lava. >> that is jon stewart's take on the gop's fiscal cliff offer. he's right. we are better off stumbling down the slope like drunken fools than the republican offer out there. here to explain that and why a huge part of the talks making major changes to medicare may be totally unnecessary is jonathan cohn and joins us now. jon, i think that's a good place to start is this. itç seems like all of the discussions about medicare, in relation to the fiscal cliff or in general seems to have an ajumpgs a assumption it's a big program and in dire need for cutting and reform but there's a basic myth at work there of the efficiency
CNN
Dec 6, 2012 1:00pm PST
days away from the so-called fiscal cliff. drastic cuts that some feel will plow us back into a recession. >> only negotiations between the republicans and the white house have stop it. president obama tried to step up the pressure on republicans, visiting a family in northern virginia whose taxes would go up by some $4,000 a year if an agreement isn't reached. >> they're keeping it together. they're working hard. they're meeting their responsibilities. for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president also met with new jersey's governor chris christie over at the white house. the republican governor was here in washington to talk about hurricane sandy relief efforts, and now they're in danger of going over the fiscal cliff with the rest of the country at the end of the month. our national political correspondent jim acosta has been covering this story for us. what's the latest with chris christie in washington. >> reporter: t
CNN
Dec 5, 2012 1:00pm PST
increases and spending cuts that people here in washington call the fiscal cliff. most house members are going home today with only 27 days to make a deal. two house leaders who are not going home are with me in the situation room. they're working very hard to avoid the fiscal cliff. thanks so much for coming in. for so long, republicans wanted to extend the bush tax cuts forever, now for 98% of the american people, the democrats are saying, we're ready. we've given up, we'll let you have those bush tax cuts for as long as possible. let's just resolve that, we'll move on to some of the tougher issues later. let's make sure that 98% of the american families have these lower tax rates into next year. why not give that? >> the debate over those top two pshsz, is really a strong man debate. what we need is tax reform in america. we need a simpler less complicated tax code. >> i agree with you. we need a tax reform. why not resolve this one issue, make sure taxes don't increase for 98% of the americans, 100% of americans for their first $250,000 a year. let them have that, and then move o
CNN
Nov 30, 2012 7:00pm PST
that sounds like logic, there's that other side of the fiscal cliff, all those horrible cuts that could plunge us into a depression and all the rest that no democrats want either. so are you serious, you really -- are you really saying what i think you're saying, that is that it might be a strategy that the president really wants? wants us all to go over the cliff? and then just blame you? >> yeah. that i think that's to his political advantage to do that, because then he gets to blame us, set up the 2014 elections by us being the bad guys. but look at this. a lot of my colleagues on the other side of the aisle like the $600 billion hit to the defense department, and they'll absorb the 2% of cuts to the other programs out there. and remember, none of the cuts that are in the sequestration have to do with the big three on the entitlement programs. most of us would love to see an erskine bowles type of solution put on the table here. >> so what if there were -- >> the simpson/bowles, sorry. >> simpson/bowles, i understood what you mean. there is an erskine bowles as well. what about congressman
CNN
Dec 3, 2012 1:00pm PST
cliff. the across-the-board spending cuts and sharp tax increases that hit in just 29 days. let's get straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly where you just began on those tax rates because that has become the big divide between the two sides. the answer is the house republicans are not budging. they still want to continue the bush era tax rates at all income levels. let's get specific. first of all, the counterproposal, they say they would get about $800 billion in savings from what they call tax reform, from deductions and closing loopholes, things like that. but the bush era tax rates, all of them would remain, even for the wealthiest. to show you the difference, compared to the white house offer that they got last week, $1.6 trillion in savings when it comes to tax revenue. but much of that came from raising ta
CNN
Nov 29, 2012 1:00pm PST
the so-called fiscal cliff. that steep across the board spending cut and tax increase scheduled to hit in just 33 days. in a scathing assessment today, the speaker of the house john boehner says there's been no substantive progress on a deal. need to realize there can be no deal without tax rates going up for top earners. let's go live to our chief white house correspondent jessica yellin. she's got more on the latest developments. tough talk from both sides, jessica. >> reporter: tough talk and some bright lines, wolf. on the same day that treasury secretary tim geithner went to capitol hill to meet with both democrats and republicans to talk about these negotiations, there is tense body language and tough words on both sides of pennsylvania avenue. they're starting to sound dug-in on capitol hill. >> all eyes are on the white house. the country doesn't need a victory lap. it needs leadership. >> reporter: at the white house. >> this is available not just here but to everyone in the world who has an internet connection. and i know things are done the old fashioned way sometimes on cap
Current
Dec 5, 2012 9:00am PST
this fiscal cliff thing obviously everybody's talking about oh we've gotta cut the entitlements like medicare. you've been pointing out something for awhile that we don't have a medicare problem. we have a healthcare cost problem. explain please, healthcare geek. >> this is one of the things people should really pay attention to because the healthcare crisis in this country gets so complicate and convoluted that people tune it out and then the republicans have this incredible opportunity to swoop in and make stuff up. we don't have a medicare problem. we have a healthcare cost problem. there is no competition in the healthcare market place right now. >> stephanie: right. >> okay. and people make money in the healthcare industry when prices go up. >> right. >> corporations make money when prices go up. we're talking about medical device manufacturers, drug companies, health insurance companies, they all make money the higher the prices are. they have no incentive to work for the public good. their incent sieve t
MSNBC
Dec 6, 2012 11:00am PST
a fiscal cliff deal. the first read team is asking the question how big of a deal will we see? governor christie meets with president obama this time at the white house, and it is just one of the things we thought you should know. be sure to check out our "news nation" tumblr page. you find behind the scenes pictures, and thank you for checking it out and liking our pictures. ♪ ♪ [ male announcer ] campbell's green bean casserole. it's amazing what soup can do we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. bp has
CNN
Nov 30, 2012 1:00pm PST
on the stump pressing republicans to cut a deal averting the fiscal cliff. >> it's like the lump of coal you get for christmas. it's a scrouge christmas. >> there's a stalemate, let's not kid ourself rs. >> reporter: things got tense after secretary geithner visited capitol hill thursday to present what republicans are calling an unreasonable proposal. it includes $1.6 trillion in new taxes. in part, through raising rates on the top 2%. and lips loopholes and reductions. $50 billion in stimulus next year, and $400 billion in medicare and other entitlement savings to be worked out. >> i think the proposal delivered here by secretary geithner was not a serious proposal. >> they want this extra spending that's greater than the amount willing to cut. >> democrats say it was just a starting point. and one republicans should counter. >> there will be prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> cnn learned last week the republicans gave the white house their own starting position, which democrats consider unbalanced. extending all
CSPAN
Dec 4, 2012 8:00pm EST
moments, a discussion of house spending cuts in the so-called fiscal cliff. in a little less than an hour, more about the fiscal cliff with republican representative tom cole from oklahoma. then the head of fema testifies on capitol hill about the government's response to hurricane sandy. and later, senate debate on the u.n. treaty for the disabled. ♪ ♪ >> this weekend on c-span3's american history tv, follow harry truman easeleddest grandson to hiroshima as the city prepared to mark the bombing of the city in 1945. >> you know, everybody has their own view what happened, and i, i don't, i don't want to argue survival with anyone in japan about the history. i think we're past that. my whole purpose for being here is to listen, to honor the dead, to listen to the living and to see -- to do what i can to see this doesn't happen again. >> clifton truman daniel will join us sunday at 9 p.m. eastern on c-span3. >> now, a discussion of how the military and national security might be affected by spending cuts scheduled to take effect the first of the year. part of the so-called fiscal cliff.
CNN
Dec 5, 2012 11:00am PST
, 27 days until the fiscal cliff. and i know you know that already, but guess what, folks? the deadline for congress and the white house to act, to stop the tax increase and punishing spending cuts, that deadline is coming up quicker than you may realize because did you know, congress plans to end its current session on december 21st? check your calendar as we did today. that's two weeks from friday. that means that under congressional rules any agreement, any legislation to fix this whole mess would have to be filed here by december 28th. here's the kicker. the president currently plans to leave town the day before that, on the 17th of this month. so the yearly obama trip to hawaii is set to start a week from next monday. you feel me here? see where i'm going? the window closing faster than folks think. what are our decisionmakers doing right now? among other things they are apparently sending signals through the media. republicans saying time to get moving. the president saying there is a deal to be had fairly quickly if the republicans come around to raising taxes on the wealthy. let
MSNBC
Dec 3, 2012 11:00am PST
cuts immediately, avoid the biggest part of the fiscal cliff. we can get all the democrats to sign it. we'll probably need 26 republicans to sign it, and if we can get 26 republicans. >> what is the likelihood of that? >> as you've heard, a growing number of house republicans like tom cole of oklahoma have said na it makes sense to proceed with what we can already agree on. if they agree to extend middle class tax cuts, here's their opportunity. i think you're going to see growing pressure. i'm sure the spoker of the house will tell his members not to sign athat petition. it will provide a very clear signal as to whether or not people really support an extension of the middle class tax cut. that's how to get it done now. >> you referred to congressman cole, who was on the sunday morning programs. he was one of the first vocal republicans in the house to say there needs to be a resolve here. he also pointed the finger at the president if you will regarding leadership with entitlements reforms. we know secretary geithner said that that the gop needs to make a move regarding a proposal w
MSNBC
Dec 1, 2012 9:00am PST
,000 jobs as part of the automatic cuts from the fiscal cliff. "the press telegram" in long beach, california has an article entitled "small in number, large in clout" about a strike that has slowed the nation's busiest cargo complex at the ports. they've been offered a salary boost to 195,000 with 11 weeks paid vacation. a ten-day walkout in 200002 caused $15 billion in losses. >>> the "lewiston tribune "in idaho, wanted experienced pot farmer. a washington state man seeking experts to develop a marijuana industry. possession of the drug will be legal in the state thursday. >>> now to the mystery surrounding the second winner of that massive powerball jackpot. one couple has come forward with their golden ticket. the other winner still unknown. there is, however, surveillance video showing a man who appears to be celebrating after checking the numbers on his ticket but he hasn't come forward yet. nbc's tom costello is in maryland with his story. >> alex, good day to you. everybody in this gas station here in upper marlboro, maryland says they really believe that this guy wasn't p
CSPAN
Dec 3, 2012 8:00pm EST
that the republicans passed two bills that take care of the fiscal cliff. they extend of the tax cuts and a change the sequestration. the democrats hammer them on that each time. they are not going to give the democrats a chance to hammer them once again. host: our democrats putting deductions and loopholes and specifically on the table? guest: yes, the president has been very specific. he has said, first things first, let's let the high end tax cuts expire and lock in these trillion dollars savings. then he says on deductions, let's cap the major ones, the mortgage interest, the charitable, the state allen local -- and local. the banker's comments of getting 35% subsidy on the mortgage, he will get 20%. -- 28%. and then there are tax cuts in medicare, but they are reasonable. if you do not do these tax deductions and you do not do the high end incumbent bush tax cuts, it gets in devastated. the ryan budget was very back loaded. and it was not in the first 10 years. there are trade-offs. host: maverick writes in and said, i see a problem giving tax -- a problem with giving tax credits for hiring u
CSPAN
Dec 5, 2012 7:00am EST
a fallback plan for the so called "fiscal cliff", which includes extending tax cuts for the middle class and resuming a fight over spending and taxes for the wealthy later. meanwhile, going overseas, nato makes a move on the turkish border with syria. military officials deny preparations for military intervention. protesters in egypt march on the palace as mohamed morsi flees. international and domestic news is all on the table for you this morning as we open up the phone lines. also, send us a tweet. or post your comment on facebook. or send us an e-mail. we will get back to that new york times story. first, some other headlines on the domestic front. here is the "washington times." also, sticking with the senate, the baltimore sun reporting this headline -- in politics, here is the denver post -- open phones before the first 30 minutes. we have a short show because the house is coming in at 9:00. steve in gaithersburg, maryland, a republican caller. caller: host: when did the republican party become the party that restricts poor? i understand the tax cut for the rich is important to so
CNN
Nov 29, 2012 11:00am PST
. this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as important as how much you cut and the sledge hammer approach is not economically sound. now, there are targeted and measured ways to do it without driving the country in to another recession. some debate today as to whether we're in one or not but the sequester will only make things worse. congress, solve it. solve it nowme. we're all watching. housing is hot. if you have credit and money for a down payment, the perfect time to buy. nationally, affordability is the best it's been in a long time. new york city is the least affordable place in america to purchase a home. no big surprise here. home prices in new york are nearly two and a half times
MSNBC
Nov 29, 2012 7:00pm PST
of spending cuts so far. and unless there is, there's a real danger of going off the fiscal cliff. >> a reporter asked senate majority leader harry reid about speaker boehner's comments. >> he says that democrats have got to get serious about cuts, spending cuts. where is the disconnect then? >> i don't understand his brain, so you should ask him. okay? >> and, of course, another day more republicans dumping grover norquist. among nebraska and is iowa republicans, most of them told the world herald this week they could support a broad budget agreement, even if the deal ends up including higher tax revenues. i won't have a problem with letting those tax rates go up, representative mike simpson said to reuters. but new york congressman chris gibson found the most creative way out of his relationship with grover. his spokesman released a statement reading, the congressman signed the pledge as a candidate in 2010 for the 20th congressional district. carson gibson doesn't plan to re-sign it for the 19th congressional district, which he now represents. the pledge is to your constituents
FOX News
Dec 6, 2012 10:00am PST
on this fiscal cliff which has automatic tax hikes and spending cuts as of january one, they are trying to avert that. he says any deal on this must include an end to the debt ceiling all together. he wants complete power to raise the country's limit by himself. he doesn't want to have to get congressional approval. that is a demand stirring strong response from republicans today. >> the on way we ever cut spending is by using the debate over the debt limit to do it. now the president wants to remove that spur to cut all together. of course, it gets in the way of his spending plans. i can assure you it one happen. the american people want washington to get spending under control and the debt limit is the best tool we have to make the president take that demand seriously. the american people want us to fight to cut spending. it's a fight they deserve and a fight we are happy to have. >> joining me now, simon rosenberg. and mark theisen. guys, welcome. simon, let me start with you on this. we did have some democrats come on the show and say no, the president doesn't get to just decide when to rais
CNN
Nov 29, 2012 5:00pm PST
're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless, unless the white house and republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than they ever expected to hear fr
MSNBC
Dec 4, 2012 11:00am PST
issue, the fiscal cliff, the end of the year, the tax cuts that will expire, the budget cuts we're talking about, the federal deficit, the amount of the deficit itself. as governors we try to find common ground issues that we can bring to the president to speaker boehner, to leader reid to talk about and say, we want to grow our economy. we want to create jobs. we understand these are tough decisions that have to be made. we understand there whim be cuts on the federal side. the states will have a shared responsibility with those cuts. we have some specific things that we have suggested to the president. we'll suggest later on today to congress to give them some ideas of ways we think governors can help and also we think it's important that the governors have a seat at the table because ultimately it's the states that will also feel the effect of what happens in washington, d.c. >> you made that point, governor. i'm curious about the line in the sand for the president, and i'm sure he expressed his thoughts on the tax rate for those who make over $250,000. that revenue is needed
FOX News
Dec 4, 2012 8:00am PST
that fiscal cliff house republicans are now offering up a plan of their own to avert that combination of spending cuts and tax hikes. it's set to welcome us all on january 1st if they don't have an agreement. i'm jenna lee. jon: some kind of welcome that would be. i'm jon scott. within hours of seeing the proposal the white house slammed the g.o.p. offer saying quote their plan provides nothing new and provides no details on what deductions they'll limb nature, loopholes they will close or which medicare savings they would achieve. house speaker john boehner inc insists his offer is the best one on the table calling it a credible plan that deserves serious consideration by the white house. jenna: mike emanuel is with us. certainly a challenge to find this ideal plan. what is holding it up. >> reporter: the chairman of the senate budget committee wants a large come proceed hence i have deal in the range of $5 trillion and says a grand bargain can get done if everybody kaoels cool and doesn't overreact to every valley over the net. he this is a camp david-style summit might help things
MSNBC
Dec 5, 2012 12:00am PST
it as we get closer to the fiscal cliff. >> it says a signal to people that the senate passed tax cuts for 98% of americans but they won't do it in the house. that was before the election. and i just holding the ground is going to be important, no question about that. i get a sense the democrats are unified. but going over the cliff, that affects the constituents big time. correct? >> how do you hold that together? >> there's unanimity that july 25th, we passed tax cuts for the 98% to continue this tax policy that they get an average tax cut meaning if it expires, their taxes go up. republicans know that. republicans know if they don't do it by january 1st, we're going to keep passing tax cuts for the middle class. if they keep saying no, eventually they won't because the public pressure will be on them they need to step up. they have to quit protecting. they do everything in the name of the wealthy. >> okay. sherrod brown, stay with us. i appreciate it. >>> it looks like senator-elect elizabeth warren, a champion of financial reform, will get a spot on the banking committee. >>> and s
CNN
Nov 30, 2012 11:00am PST
for word. but first this, the fiscal cliff, the talks hit a huge road bump. zingers and verbal jabs are flying while actual talks are at a stand still. president obama says republicans must agree to preserve a middle class tax cut as first part of any deal. and he linked republicans to scrooge today while touring a pennsylvania toy factory. listen. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1st. every family, everybody here, you'll see your taxes go up on january 1st. i mean, i'm assuming that doesn't sound too good to you. that is sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> that's pretty scroogy, right? president obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new tax
CNN
Dec 2, 2012 2:00pm PST
fall off the fiscal cliff. avoiding it -- if they do nothing, everyone's taxes go up and automatic spending cuts will take effect. no imminent deal is in sight. >> if they are going to force higher rates on virtually all americans, because they're unwilling to let tax rates go up on 2% of americans, then that's a choice we're going to have to make. >> i would say we're nowhere. period. we're nowhere. we have put a serious offer on the table by putting revenues up there to try to get this question resolved. but the white house has responded with virtually nothing. they have actually asked for more revenue than they have been asking for the whole entire time. >> in other words not quite a good place to be, but both sides agree that the government needs to raise more money. how much and how they do it are two of the major sticking points. >>> and protests and a constitutional crisis, what is next for egypt. we'll dig deeper into the struggle for power between conservative islamists and liberal secularists. and later, brad pitt talks about his future with angelina jolie. >>> and a dog
CSPAN
Dec 5, 2012 8:00pm EST
some of wednesday's events regarding the fiscal cliff. tax increases and spending cuts that will go into effect unless congress acts. first, a bloomberg government form. in an hour, president obama speaks to ceo's at a business roundtable. followed by a news conference with john boehner. several live events to tell you about tomorrow morning. talking about housing issues and the agency's budget. here on c-span at 10:00 eastern. on c-span two, 9:00 a.m. eastern, a news briefing at the pentagon. also, a senate commerce subcommittee on the impact of hurricane sandy and transportation systems in the northeast, on c-span 3 at 10:30 a.m. eastern. >> we have had these explosions of knowledge in medicine but we have not coordinated care. all of these have some in the cracks that they are as harmful as the disease is treated. you have to ask, are we hurting people overall on a global level that's what are we doing sometimes? now we have got the report saying 30% of everything we do may not be necessary in health care. when we step back, 30% of all the medications we prescribe, the procedures
CNN
Dec 4, 2012 1:00pm PST
left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> reporter: he won't agree to eliminate a tax deduction for contributions to charity. >> every hospital and university and nonfor profit agency across the country would find themselves on the verge of collapse. so that's not a realistic option. >> reporter: but the president didn't say all this to speaker
ABC
Dec 2, 2012 5:30pm PST
the fiscal cliff what does it mean for you. nearly everybody american will pay more taxes, between 2,000 and $2,400 per family. we enjoyed a 2% cut in payroll taxes. that will disappear. and the government will start cutting, $500 billion in spending, half at the pentagon and the other half from federal spending for education, transportation and food safety and research. all of that could send all of us back into recession. where do the talks stand? boehner says they are nowhere. and the speaker has a description for the president's negotiation style. he says it's roll over and do what i say. not a good sign with 30 days until the cliff. >> david, thank you. >>> now to a surveillance tape causing real concern this evening. and the race against time for an 11-year-old girl suffering from leukemia. her parents caught on tape, appearing to sneak her out of a hospital in phoenix. doctors the fear her life is at risk and the search is on. >> reporter: these are the last images captured on a surveillance camera of an 11-year-old cancer patient moments before her mother snuck her out of the
CNN
Dec 1, 2012 11:00am PST
know you have all heard of the so-called fiscal cliff, the huge tax hikes and spending cuts that will be triggered if congress and the white house don't reach a budget deal by the end of the month. well, what are we looking at? first, cuts in defense. also bush era tax cuts set to x expire, so the majority of americans will pay more taxes. also at stake, the payroll tax holiday and unemployment benefits expect to get cut. dana, in your most recent column, you say it doesn't seem like anyone is doing anything but photo ops and news conferences. one politician was quoted as saying, effectively, we have a month. that's loads of time. is this a sophisticated game of chicken? >> it's a rather unsophisticated game of chicken, kind of elementary. what they're doing, both sides really, is doing a lot of posturing and waiting until they get close to the deadline if not go over the deadline because they feel if they go over the deadline, they're in a position to tell their hard core supporters, look, we have really got to make this deal now or that's the end. the economy goes back in
ABC
Dec 6, 2012 7:00am PST
, we know you'll be on it. >>> we're going to turn to the latest on the fiscal cliff. just 26 days before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending cuts, if they
FOX News
Dec 3, 2012 1:00pm PST
and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call it, and each those touches the third rail of the parties, we have to get together and say, basically, we have t
NBC
Dec 6, 2012 6:30pm EST
to d.c., on the fiscal cliff, 26 days to go before the deadline. president obama was back at it campaign-style. went to the home of one middle class family in virginia, saying if the middle class tax cuts expire when the deadline hits it will cost the family an equivalent of a month's rent. meanwhile, john boehner started the talks after a standoff that lasted almost a week. then there was the surprise that rocked the capital today. south carolina conservative, jim demint, a hero to many, is retiring next month. nbc's david gregory, the moderator of "meet the press," has more on the surprise announcement. >> reporter: about four years early, a lot of people thought it would happen by 2017, but not at this point. in his term, demint was somebody who turbo-charged the tea party movement. he told me he would like to see the party really adopt more of these tea party ideas. that really didn't happen. there were more internal fights. he did have success in fielding candidates and also failed. he said they didn't do enough to establish what the party was for. he is going to try
MSNBC
Dec 1, 2012 5:00am PST
to be reluctant to propose cuts. that brings us more likely or closer to this fiscal cliff which i think is more of a mole hill than a mountain. but i think that that's where we may end up. i think we may see some more drama as a result of that. >> reluctant to raise taxes, but i'm cautiously optimistic that i'm seeing people pull away from grover norquist and hold onto the mantle of reagan and he raised taxes. corker saying i'm not beholden to grover nor quest and i'm beholden to my constituency. i see some movement. the cutting of programs is going to be a different story. >> i don't think anybody wants to cut programs. republicans don't because they're now in what they consider the rebuilding mode, but the challenge is going to be that there are democrats -- if you take a look at some of these tax issues, estate taxes, the president is not going to have unified support from the house on that issue because he's going to lose most likely the congressional black caucus, he'll lose representatives of farming states because it's going to decimate -- >> it is not going to decimate. that is an absol
CNN
Nov 30, 2012 6:00am PST
hill as the fiscal cliff looms now just 32 days away. house speaker john boehner says no progress has been made in two weeks of talks, and republicans want the white house to come up with significant spending cuts. senate democratic leader harry reid responded to boehner saying, quote, i don't understand his brain, unquote. >>> when those talks over the fiscal cliff seem to be heading towards a stalemate but do the capitol hill theatrics tell the whole story? here's thousand politico summed it up, listen to top democrats and republicans talk on camera and it sounds like they could not be further apart. but behind the scenes top officials who have been involved in the talks for many months say the contours of the deal are starting to take shape. well, joining me are jason johnson a political professor, t and a republican strategist ron bonjene, ron, let's start with you, both sides know they'll have to make a deal. one congressman says to get it there has to look like this was fighting this way it's kind of like managing the public's expectati expectations, oh, we didn't give anything,
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